100% Owned Minyari Dome Stand Alone Gold-Copper Development Project

Minyari Dome Project Map

Exceptional Development Potential Confirmed

3.3 Moz
Gold Equivalent Resource
2.7 Moz
Contained Gold Only Resource
1.8 Moz
Gold at 1.6 g/t Indicated Resource
Home » Minyari Dome Project
Technically Reaffirmed and Robust, with Substantially Enhanced Economics

Technically Reaffirmed
and Robust, with
Substantially
Enhanced Economics

Stand-alone development opportunity

Strategically Significant Location in a World-Class Gold-Copper District

Strategically Significant
Location in a
World-Class
Gold-Copper District

Capturing strong investor interest

Simple, Non-Refractory Metallurgy Supports a Standard CIL Plant Design

Simple, Non-Refractory
Metallurgy Supports
a Standard
CIL Plant Design

With estimated gold recoveries of 90%

Existing Road and Port, Plus Established Processing Infrastructure

Existing Road
and Port, Plus
Established Processing
Infrastructure

Logistics benefits and development flexibility

Project Economics Highly Leveraged to Further Exploration Success

Project Economics
Highly Leveraged
to Further
Exploration Success

Additional value drivers yet to be unlocked

The Minyari Project covers 4,500km2 and features the Minyari Dome geological structure which hosts multiple delineated deposits

In December 2025, an updated Minyari Project Mineral Resource Estimate (MRE) was announced. The Minyari Project combined Mineral Resource now contains 2.7 million ounces of gold, 90,000 tonnes of copper, 700,000 ounces of silver and 13,000 tonnes of cobalt.

In October 2024, the Company announced the key outcomes of the Scoping Study Update completed on the Minyari Dome Development Project. The Scoping Study identifies a potential stand-alone gold mining and processing operation at Minyari Dome. It presented the preliminary evaluation of such a development at Minyari Dome based on the September 2024 MRE. Key highlights of the Scoping Study included:

  • Initial combined open pit and underground mine schedule of 30.2 Mt at 1.5 g/t gold for 1.5 Moz gold.
  • Over 10 years of initial processing life with a nameplate throughput of 3 Mtpa.
  • Simple, non-refractory metallurgy allows for a standard Carbon-in-Leach (CIL) process plant, delivering an estimated gold recovery of 90%.
  • Total pre-production capital cost of A$306M, including A$90M for pre-production mining.
  • Forecast average All-In-Sustaining-Cost (AISC) of A$1,721/oz (equivalent to US$1,205/oz).
  • Post-tax NPV7 of A$1.8B and 110% IRR, assuming US$3,500/oz gold and 0.70 A$/US$ (A$5,000/oz).
  • Payback period of approximately 9 months from the commencement of gold production.
  • Latent potential to further boost economics with resource upside and by-product opportunities.

The Paterson Province geological setting of the Minyari Dome deposits is Proterozoic-aged, predominantly meta-sediment hosted intrusion related vein, breccia and replacement style precious and/or base metal mineralisation. Local controls on mineralisation commonly involve variations in both the competency/hardness and chemical composition of rock units, in combination with other “discrete” structural and intrusion controls.

At the Minyari deposit during 2021 mineralisation was discovered immediately east, west, and both up plunge to the southeast and down plunge to the northwest, including significant high‐grade breccia style gold-copper mineralisation.

Minyari Dome Project Location Map

Mineral Resources Summary

Minyari Dome 2,3
Deposit Classification Tonnes Au
g/t		 Au
ounces		 Ag
g/t		 Ag
ounces		 Cu
%		 Cu
tonnes		 Co
%		 Co
tonnes
Minyari Indicated 27,100,000 1.75 1,505,000 1.75 507,000 0.22 59,800 0.04 9,720
Minyari Inferred 6,200,000 1.78 347,000 0.36 72,000 0.15 9,000 0.02 1,000
Total Minyari 33,300,000 1.73 1,852,000 0.54 579,000 0.21 68,900 0.03 10,800
WACA Indicated 1,710,000 0.96 53,000 0.17 9,000 0.11 1,900 0.02 300
WACA Inferred 3,454,000 1.27 143,000 0.16 17,000 0.14 5,000 0.02 900
Total WACA 5,164,000 1.18 195,000 0.16 26,000 0.13 6,900 0.02 1,200
WACA West Inferred 403,000 0.73 9,400 0.77 10,010 0.19 750 0.03 101
Total WACA West 403,000 0.73 9,400 0.77 10,010 0.19 750 0.03 101
Minyari South Indicated 190,000 2.97 18,000 0.57 3,000 0.31 600 0.03 50
Minyari South Inferred 730,000 1.26 30,000 0.24 6,000 0.11 800 0.02 130
Total Minyari South 920,000 1.61 48,000 0.31 9,000 0.15 1,400 0.02 180
Sundown Indicated 442,000 1.31 19,000 0.55 8,000 0.27 1,200 0.03 100
Sundown Inferred 828,000 1,84 49,000 0.27 7,000 0.16 1,300 0.06 500
Total Sundown 1,270,000 1.65 68,000 0.37 15,000 0.19 2,500 0.05 600
GEO-01 Area Indicated 4,700,000 1.06 160,000 0.13 20,000 0.06 2,600 0.005 250
GEO-01 Area Inferred 6,000,000 0.93 180,000 0.21 40,000 0.11 6,800 0.005 310
GEO-01 Area incl. Rizzo 10,700,000 0.99 340,000 0.17 60,000 0.09 9,400 0.005 560
Minyari North Inferred 587,000 1.07 20,000 0.15 3,000 0.09 500 0.01 60
Total Minyari North 587,000 1.07 20,000 0.15 3,000 0.09 500 0.01 60
Total Indicated 34,000,000 1.60 1,750,000 0.51 545,000 0.19 66,000 0.03 10,000
Total Inferred 18,000,000 1.35 780,000 0.27 155,000 0.13 24,000 0.01 3,000
Total Minyari Dome 52,000,000 1.50 2,500,000 0.42 700,000 0.17 90,000 0.03 13,000
Satellite Deposits 4,5
Chicken Ranch Inferred 4,200,000 0.76 100,000  
Tims Dome Inferred 1,200,000 1.34 50,000  
Total Satellite Deposits 5,400,000 0.89 150,000  
 
Total Indicated 34,000,000 1.60 1,750,000 0.50 545,000 0.19 66,000 0.03 10,000
Total Inferred 23,400,000 1.23 930,000 0.27 155,000 0.13 24,000 0.01 3,000
GRAND TOTAL MINERAL RESOURCE INDICATED + INFERRED 58,000,000 1.45 2,700,000 0.42 700,000 0.17 90,000 0.03 13,000

Notes to Minyari Project MRE table above:
1. Discrepancies in totals may exist due to rounding.
2. The Minyari Dome Mineral Resource has been reported at cut-off grades above 0.4 g/t and 1.5 g/t gold equivalent (Aueq); the calculation of the metal equivalent is documented below.
3. The 0.4 g/t and 1.5 g/t Aueq cut-off grades assume open pit and underground mining, respectively.
4. The Satellite Deposit Mineral Resource has been reported at a cut-off grade above 0.4 g/t gold (Au).
5. The 0.4 g/t Au cut-off assumes open pit mining.
6. The Minyari Project and its Mineral Resource are 100% owned by Antipa Minerals.

Competent Persons Statement – Mineral Resource Estimations for the Minyari Dome Project Deposits:
The information on this website that relates to the estimation and reporting of the GEO-01 Main Zone, Fiama, Minella, GEO-01 Central, GEO-01 South, Rizzo, Minyari South, Tim’s Dome and Chicken Ranch Mineral Resource is extracted from the report entitled “Minyari Development Resource Grows to 3.3Moz Gold Equivalent” created on 18 December 2025 with Competent Person Victoria Lawns, which is available to view on www.antipaminerals.com.au and www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant original market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

The information on this website that relates to the estimation and reporting of the Minyari, Minyari North, Sundown, WACA and WACA West deposits Mineral Resources is extracted from the report entitled “100% Owned Minyari Dome Project Grows by 573,000 Oz of Gold” created on 17 September 2024 with Competent Persons Ian Glacken, Jane Levett, Susan Havlin and Victoria Lawns, which is available to view on www.antipaminerals.com.au and www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant original market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.

Competent Persons Statement – Scoping Study for the Minyari Dome Project:
The information in this document that relates to the Scoping Study for the Minyari Dome Project is extracted from the report entitled “Minyari Dome Project ScopingStudy Update – Exceptional Development Potential Confirmed” reported on 24 October 2024, which is available to view on antipaminerals.com.au and asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the study in the relevant original market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

Gold Metal Equivalent Information – Minyari Dome Project Mineral Resource Gold Equivalent cut‐off grade:
Gold Equivalent (Aueq) details of material factors and metal equivalent formula are reported in Antipa Minerals' ASX release dated 17 September 2024, “100% Owned Minyari Dome ProjectGrows by 573,000 Oz of Gold”, which is available to view on antipaminerals.com.au and asx.com.au. Antipa Minerals confirms that it is not aware of any new information or data that materially affects the information included in this release. All material assumptions and technical parameters underpinning this release continues to apply and has not materially changed.